NZDCHF is in an overall downtrend several rejections showing us that NZDCHF respect this trend greatly and has been heading down slowly. Today's candle was interesting as this BULLISH candle could be a retest candle for NZDCHF, not showing any form of strength as of now. What I will like to see is a 0.6040 daily close to confirm a retest and a clean rejection for tomorrow's candle. If so, this could be a great BEARISH trade (able to keep a good risk to reward). Price could potentially move towards a trend support (dotted line). Any further updates will be updated in my group. As of now, I am seeing a good short opportunity!!!
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
